Best Internet of Things - Industry Applications Companies in Sweden
The 215 best Internet of Things - Industry Applications companies in Sweden in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Tibber.
Sweden's Internet of Things - Industry Applications sector has 215 companies tracked in our directory, and this ranking orders them by disclosed equity funding and recent funding momentum. Total disclosed funding across the group sits at $591 million. No unicorns yet, but the capital is real and spread across a range of hardware, connectivity, and industrial intelligence plays.
Greenely leads the named filers at $16 million in disclosed funding, followed by Avassa at $7 million, then EmbeDL and Acorai Health at $4 million each. So what does that tell you? The top end isn't stratospheric, but the funding base is disciplined and largely institutional, with Almi Invest, the EIC Fund, and Chalmers Ventures among the most active backers. I'd note that median install growth of roughly 13% year-over-year across nearly 3,800 adjacent app categories signals genuine end-user pull, not just B2B hype. Coverage within the sector is also rising, with AI hardware and audio rendering emerging as the themes attracting fresh attention. The picture here is a market still in formation, building real infrastructure before the bigger funding rounds arrive.
Our analysis of 184 Internet of Things - Industry Applications companies
$13.9b in tracked funding; 91% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Internet of Things - Industry Applications companies in Sweden
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | App-install YoY | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Tibber Provider of a digital platform for electricity consumption management and insights | $177M | 51 mo ago | 61 | Edgeir Aksnes Co-Founder & CEO | Apple iCloud MailGoogle WorkspaceBootstrap+21 | +23% | — | 1 job opening · 5 partnerships |
| 2 | Tobii Provider of eye-tracking software and hardware | $72M | 116 mo ago | 543 | Anand Srivatsa CEO | Cart FunctionalityWooCommerceWordPress+48 | — | 1,059 patents Eye-tracking hardware/software for gaze detection, head pose, and AR/VR interaction | 1 partnership |
| 3 | Orbital Systems Provider of a smart water recycling shower system | $55M | 45 mo ago | 64 | — | SanityApple iCloud MailGoogle Workspace+24 | — | 260 patents Water recycling and filtration systems for closed-loop residential/industrial use | 1 launch |
| 4 | SunRoof Manufacturer of solar roof tiles or building integrated photovoltaic tiles | $39M | 41 mo ago | 132 | Martyn Szczepankowski Co-Founder | WordPressMySQLPHP+28 | — | — | 2 partnerships |
| 5 | Minut Developer of security sensor for residential buildings | $31M | 30 mo ago | 46 | — | WebflowApple iCloud MailGoogle Workspace+20 | — | 12 patents Sensor replacement and audio event detection for IoT and communication networks | 2 launchs · 2 partnerships |
| 6 | Mapillary Crowdsourced photo mapping service | $25M | 78 mo ago | 33 | — | DiscourseApple iCloud MailRuby+14 | +37% | 18 patents AI-based street-level image modeling and navigation for mapping | 5 launchs |
| 7 | Greenely Provider of an application that connects and optimizes home energy consumption | $16M | 22 mo ago | — | Fredrik Hagblom Co-Founder & Head Of Operations | WebflowSentryAmazon Web Services+15 | +14% | — | 1 partnership |
| 8 | Turnpike Group Platform offering wearable devices for monitoring workforce productivity | $13M | 48 mo ago | 19 | Peter Carlsson Co-Founder | — | — | — | — |
| 9 | Flow Neuroscience Provider of a wearable device for stress and anxiety management | $12M | 58 mo ago | 21 | — | WagtailPythonDjango+25 | — | 33 patents Non‑invasive transcranial direct‑current stimulation headsets and electrode positioning systems | 1 launch |
| 10 | Narrative Provider of Wi-Fi and Bluetooth-based wearable cameras | $12M | 141 mo ago | 38 | Sebastian Bjorkelid Co-Founder & Product Manager | Cart FunctionalityUbuntuVimeo+14 | — | 8 patents Wearable lifelogging devices with integrated camera and personal imaging control | — |
| 11 | Movimento Vehicle network tools providing OTA software updates for connected cars | $10M | 228 mo ago | 85 | — | — | — | — | — |
| 12 | Crosser Provider of edge computing software for industrial and enterprise IoT applications | $9M | 63 mo ago | 22 | Johan Jonzon CMO and Co-founder | UmbracoWindows ServerBootstrap+25 | — | — | — |
| 13 | Mendi Provider of wearable brain training devices | $8M | 55 mo ago | 22 | Sammy Saldjoghi Co-Founder | Cart FunctionalityShopifyVideoJS+41 | — | — | — |
| 14 | Nectarine Health App and wristband for AI-led remote health monitoring | $7M | 105 mo ago | 40 | Alexander Asseily Founder & CEO | — | — | 50 patents Patents concentrated in health & consumer products | — |
| 15 | Acconeer Developer of micro-radar based sensors | $7M | 117 mo ago | 62 | Lars Lindell CEO | WordPressMySQLPHP+25 | — | 68 patents Short-range mm-wave radar sensing for motion detection, object tracking, and granular flow measurement | 1 job opening |
| 16 | Avassa Provider of platform for application management and operations at the edge | $7M | 20 mo ago | 23 | Urban Lindegren Director Of Business Development and Co-founder | WordPress Block EditorWordPressMySQL+36 | — | — | — |
| 17 | Glue Home Smart lock for homes | $6M | 120 mo ago | 24 | — | Webflow EcommerceWebflowcore-js+21 | — | — | — |
| 18 | Greenbyte Renewable energy generation monitoring solution provider | $6M | 98 mo ago | 91 | Julieann Rainville CEO | — | — | — | — |
| 19 | Acorai Health Provider of AI-based remote health monitoring solutions for providers | $4M | 18 mo ago | 22 | Kasper Bourdette Co-founder & COO | WordPressApple iCloud MailMicrosoft 365+28 | — | — | 2 awards |
| 20 | Hövding Air-bag helmets for bikes | $4M | 98 mo ago | 37 | — | Cart FunctionalityShopifyTailwind CSS+15 | — | — | 2 partnerships |
| 21 | Watty Energy usage data analytics for smart homes and buildings | $4M | 119 mo ago | 11 | — | — | — | — | — |
| 22 | EmbeDL Provider of an SDK and hub for edge AI model optimization | $4M | 12 mo ago | 18 | Devdatt Dubhashi Co-Founder & CSO | HubSpot CMS HubApple iCloud MailGoogle Workspace+16 | — | 3 patents Neural network subnetwork generation for model compression and architecture search | — |
| 23 | Omocom Software suite for the insurance industry | $4M | 73 mo ago | 31 | Ola Landstrom CEO | WordPressMySQLPHP+10 | — | — | 1 partnership |
| 24 | Smart Eye AI-powered driver monitoring system for vehicles | $4M | 101 mo ago | 274 | Martin Krantz Founder & CEO | WordPressMySQLPHP+27 | — | 62 patents Eye‑tracking and gaze detection systems for driver monitoring and biometric authentication | — |
| 25 | LUCAS chest compression system Chest compression device for sudden cardiac arrest | $4M | 277 mo ago | — | Erik Von Schenck CEO | — | — | — | — |
| 26 | Earin Internet first brand offering wireless earbuds | $4M | 113 mo ago | 12 | — | Cart FunctionalitySquarespace CommerceSquarespace+16 | — | 19 patents Compact wireless earbud charging and storage capsule technology | — |
| 27 | Tinitell Wrist phone for kids | $3M | 107 mo ago | 17 | — | — | — | — | — |
| 28 | Pelagicore Automotive infotainment platform based on open source software | $3M | 177 mo ago | 12 | — | — | — | — | — |
| 29 | Ekkono Platform that provides embedded Edge AI platform | $3M | 42 mo ago | 17 | Anders Alneng Co-Founder | WixSentryZendesk+16 | — | — | — |
| 30 | Sensative Door and window position sensors for homes | $3M | 68 mo ago | 36 | Mats Pettersson Co-founder & CTO | WordPressMySQLPHP+30 | — | 22 patents Capacitive fluid/oil level sensing and wireless IoT sensor modules for structural and glass monitoring | 1 launch |
| 31 | Stream Analyze Provider of solutions for real-time analysis of IoT data on the Edge | $3M | 41 mo ago | 18 | Erik Zeitler Co-Founder | HubSpot CMS HubAmazon Web ServicesSplide+16 | — | 34 patents Real-time big data stream processing and analytics platform | — |
| 32 | Inuheat Developer of heating solution that can be integrated with wearables | $2M | 93 mo ago | 20 | Stefan Carlsson Founder & CTO | — | — | 26 patents Conductive textile yarn and integrated electrical connectors for wearable heating applications | — |
| 33 | 3eflow Provider of IoT-enabled water leak detectors | $2M | 28 mo ago | 3 | Erik Abbing Founder & CEO | — | — | 75 patents Fluid distribution and dampening valve technologies for irrigation and land‑water management | — |
| 34 | Audiodo Personalized sound technology provider for audio electronic products | $2M | 105 mo ago | 42 | Jan Weber Co-Founder & CEO | WordPressMySQLPHP+31 | — | 2 patents Adaptive audio level control and lossless audio compression technologies | 1 partnership |
| 35 | Ngenic Smart thermostat for homes | $2M | 121 mo ago | 64 | Bjorn Berg CEO & MD | Cart FunctionalityWordPressMySQL+22 | — | 2 patents Remote external control systems for residential heating and HVAC automation | — |
| 36 | Racefox Mobile app-based digital coach for runners and skiers | $2M | 57 mo ago | 3 | Magnus Jonsson Founder & CEO | — | — | — | — |
| 37 | CareLigo Tablet based device to assist heart failure patients in managing their lifestyle and treatment at home. | $2M | 98 mo ago | 5 | Fredrik Westman Founder & CEO | — | — | 4 patents Medical patient monitoring devices integrating drug dosing and education modules | — |
| 38 | SenseNode Cloud-based Industrial energy management system with wireless sensors | $2M | 43 mo ago | 20 | Erik Andersson CEO | WordPressMySQLPHP+26 | — | — | — |
| 39 | Plejd Provider of smart lighting control systems for homes | $1M | 111 mo ago | 187 | Babak Esfahani Co-Founder & CEO | RubyAnimate.cssTailwind CSS+15 | +32% | 45 patents Smart IoT lighting and shading control modules for automated home and commercial illumination | 2 launchs |
| 40 | Klimator Provider of road weather intelligence solutions for automotive and winter industries | $1M | 78 mo ago | 27 | Jorgen Bogren Founder | HubSpot CMS HubEnvoycore-js+11 | — | 21 patents Road surface condition detection using multispectral imaging and weather forecasting systems | 1 partnership |
| 41 | Kronaby Provider of connected watches | $1M | 105 mo ago | 60 | — | Cart FunctionalitySentryTypeScript+16 | — | — | — |
| 42 | Unibap Develops vision based robot navigation systems | $1M | 43 mo ago | 36 | Johan Aman CEO | WordPressMySQLPHP+22 | — | 15 patents Industrial robot inspection, measurement, and cell configuration systems for automated quality control | 1 partnership |
| 43 | Aqua Robur Technologies Provider of IoT-based solutions for water networks | $816K | 60 mo ago | 21 | Niklas Wicen Co-Founder & CEO | BreakdanceWordPressMySQL+11 | — | 23 patents Water flow energy harvesting devices and combined sewer overflow sensing systems | — |
| 44 | Metry SaaS-driven platform to collect meter data from utilities | $703K | 48 mo ago | 49 | Magnus Luttkens Co-Founder & CEO | — | — | — | — |
| 45 | Univrses Computer vision and artificial intelligence software for autonomous driving and smart cities | $700K | 1 mo ago | 57 | Ricky Helgesson Founder & Chairman | RubyAnimate.cssTailwind CSS+14 | — | 10 patents Patents concentrated in electrical & electronics | 2 partnerships |
| 46 | IRRIOT Provider of IoT platform providing smart irrigation solutions | $593K | 52 mo ago | 7 | Johan Wendt Co-Founder | WordPressMySQLPHP+25 | — | — | 1 launch |
| 47 | Simumatik Developer of digital twin tools and services for industry and education | $467K | 48 mo ago | 7 | Mikel Eguia CEO | WordPressMySQLPHP+25 | — | — | — |
| 48 | Detecht App-based platform for crash detection | $400K | 1 mo ago | 18 | Niklas Ohlsson Co-Founder & CEO | FirebaseReactHSTS+3 | — | — | — |
| 49 | NODA SaaS-driven energy management solution for commercial spaces | $188K | 12 mo ago | 11 | Tatiana Brandt Chief Executive Officer | — | — | — | — |
| 50 | MedBeat Provider of wearable AI-based heart health monitoring device | $151K | 20 mo ago | 13 | Erik Rask CEO | — | — | — | — |
Top 12 Internet of Things - Industry Applications companies in Sweden
#1
Seed · Stockholm, Stockholm County · founded 2015 · 57 employees$700Kraised▾
Computer vision and artificial intelligence software for autonomous driving and smart cities. It is a 3D computer vision and machine learning company that offers real time roads and area monitoring solutions by positioning for AR/VR and uses a smartphone's camera, accelerometer, and gyroscope to track 2D and 3D objects, users, and drone position. It incorporates computer vision technology to track camera movements in drones and recalculates this information to replicate motion in VR. It manages cities, infrastructure, and road assets.
- Apr 2026Seed—
- Aug 2016Seed$700K
- 2015Seed—
#2
Seed · Gothenburg, Vastra Gotaland County · founded 2018 · 18 employees$400Kraised▾
Detecht is an app-based platform for crash detection of motorcyclists. It uses the crash algorithm which automatically detects the accident by the sensor in the mobile phone and automatically makes an emergency call to the users' family or friends. It also offers features like route navigation, driving analytics, etc. The mobile app is available for both Android and iOS devices.
- May 2026Seed$468.3K
- Nov 2019Seed$400K
#3
Seed · Gothenburg, Vastra Gotaland County · founded 2018 · 18 employees$4.2Mraised▾
Provider of an SDK and hub for edge AI model optimization. The SDK streamlines deep learning model deployment on embedded systems. The hub facilitates AI model compilation and profiling on devices via a cloud platform. It offers tools for testing, reporting, and benchmarking. The solution aims to reduce memory usage and energy consumption, while accelerating inference speeds.
- Jun 2025Seed$6.3M
- Jun 2023Seed$2.1M
- Oct 2022Grant (prize money)$2.5M
- Nov 2020Grant (prize money)$1M
#4
Series A · Stockholm, Stockholm County · founded 2014$15.8Mraised▾
Provider of an application that connects and optimizes home energy consumption. The application enables users to monitor electricity usage in real-time and control connected devices. It also allows users to sell surplus energy back to the grid. The application aims to help households reduce energy costs and promote sustainable energy practices.
- Jul 2024Series A$8.7M
- Oct 2023Seed—
- Jun 2022Seed$2.1M
- Jul 2021Seed$2.2M
#5
Seed · Helsingborg, Skane · founded 2019 · 22 employees$4.5Mraised▾
Provider of AI-based remote health monitoring solutions for providers. The company has developed a cardiac health monitoring system which has the ability to monitor and calibrate individuals health rate. The platform assists healthcare professionals to identify any early heart disease or abnormalities.
- Dec 2024Seed$4.5M
- Jan 2024Seed$4.5M
- Nov 2023Grant (prize money)$2.5M
#6
Series A · Stockholm, Stockholm County · founded 2020 · 23 employees$7Mraised▾
Provider of platform for application management and operations at the edge. The platform facilitates remote updating, monitoring, and troubleshooting of applications and infrastructure. It extends cloud tooling to on-site infrastructure, making edge management accessible. The platform supports containerized applications and virtual machines, bridging legacy and modern systems. It offers features designed for distributed environments.
- Oct 2024Series A—
- Nov 2020Series A$7M
#7
Series B · Malmo, Skane County · founded 2014 · 46 employees$30.7Mraised▾
Developer of security sensors for residential buildings. It can detect motion, glass break, temperature, humidity, mould, light, and noise. It can also recognize other alarms, and notify users when the existing smoke or CO detector goes off. Additionally, it comes with tamper protection and a built-in siren, for scaring away intruders. Point connects to phone over Wi-Fi or Bluetooth and can interface with Google Assistant or another IFTTT compatible smart home device.
- Dec 2023Series B$5M
- Mar 2022Series B$14M
- Apr 2019Series A$8M
- Feb 2019Grant (prize money)$56.9K
#8
Series C · Stockholm, Stockholm County · founded 2016 · 61 employees$177Mraised▾
Provider of a digital platform for electricity consumption management and insights. The platform offers tools and information to empower end customers. It aims to make energy technology accessible. The company seeks specialists in technology and other fields.
- Mar 2022Series C$100M
- Nov 2020Conventional Debt—
- Nov 2020Series B$65M
- Mar 2019Series A$12M
#9
Series C · Malmo, Skane County · founded 2012 · 64 employees$55.2Mraised▾
Provider of a smart water recycling shower system. It offers a shower system that consists of a smart sensor that analyzes water, disposes of dirt particles to purify water using a micron and ultra-violet purifier. The purified water is reheated and circulated to the shower. Real-time usage and savings of water are communicated to a cloud network which can be analyzed through a mobile application. It also lets the user view individual shower details, energy savings, and filter status.
- Sep 2022Grant (prize money)$1.7M
- Jun 2022Series C—
- Jan 2022Series C$23M
- Nov 2018Venture Debt$17M
#10
Acquired · Stockholm, Stockholm County · founded 2013 · 132 employees$39.4Mraised▾
Manufacturer of solar roof tiles or building integrated photovoltaic tiles. It uses monocrystalline solar cells sandwiched between two large sheets of glass which reduces the number of connections and makes it cheaper.
- Jan 2023Series A$14.6M
- Sep 2022Series A$15.2M
- Apr 2021Seed$5.4M
- Dec 2020Seed$1.8M
#11
Acquired · Karlshamn, Blekinge County · founded 2005 · 11 employees$188.2Kraised▾
SaaS-driven energy management solution for commercial spaces. Their intelligent energy systems can handle big data from a range of customers to optimize the peak load for district heating. For buildings, using real-time data from different building sources, such as indoor temperature and current energy usage.
- 2025Seed—
- Sep 2023Grant (prize money)$219.2K
- Jun 2021Grant (prize money)$27.7K
- Jun 2021Seed$247K
#12
Public · Danderyd, Stockholm County · founded 2001 · 543 employees$71.9Mraised▾
Provider of eye-tracking software and hardware. The technology enables one to detect eye orientation, and thus the object of the gaze. Using innovations in technology, the company's mission is to bring eye tracking into broader use in applications such as eye control interfaces for computers, design testing, and medical diagnostics.
- Oct 2016Grant (prize money)$296.1K
- Apr 2015Post IPO$5M
- Apr 2015Post IPO$34K
- Jan 2015Grant (prize money)$522.5K
Funding & investor landscape
Notable founders
How research on Internet of Things is moving in Sweden
A read on the academic research around Internet of Things — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 337 Sweden-affiliated papers.
- KTH Royal Institute of Technology60
- Chalmers University of Technology23
- Mid Sweden University23
- Linköping University21
- Uppsala University20
- Key (lock)1→17
- Wireless1→16
- Cloud computing2→11
- Embedded system2→10
- Edge computing1→8
- Wireless3→10
- Key (lock)1→8
- Computer security1→8
- Wireless network1→6
- Cloud computing3→7
- Computer security3→7
- Industrial Internet1→4
- Software deployment4→5
Where iot is researched across Sweden
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.